MU · 10-Q · 2026Q2 · Full report
Operating Expense Trends
MICRON TECHNOLOGY INC · 2026-06-25 · Importance 39 · Surprise 38 · In source text
Third-quarter 2026 research and development expense increased 5% sequentially, primarily because of higher employee compensation. Third-quarter and nine-month R&D expense each increased 36% year over year as Micron processed more development and pre-qualification wafers and increased employee compensation to support long-term memory and storage opportunities. Third-quarter SG&A expense increased 18% sequentially and 28% year over year, while nine-month SG&A increased 22% year over year, primarily due to higher employee compensation.
Key facts
- Operating income for Q3 2026: $33,318 million (consolidated operating income shown as $33,681 in operating income by business unit table but consolidated operating income previously reported as $33,318 million). source
- Research and development expense for Q3 2026: $1,316 million, an increase of 5% sequentially and 36% year-over-year for both the quarter and nine months. source
- SG&A expenses for Q3 2026 increased 18% sequentially and increased 28% year-over-year for the quarter and 22% for the first nine months of 2026 compared to 2025, primarily due to increases in employee compensation. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -0.8% | Research and development expense for Q3 2026: $1,316 million, an increase of 5% sequentially and 36% year-over-year for both the quarter… |
| operating_income | positive | realized | — | Operating income for Q3 2026: $33,318 million (consolidated operating income shown as $33,681 in operating income by business unit table… |